The Enterprise IoT Market has been on a Steady Growth Trajectory, is Anticipated to Rise at a CAGR of 13% from 2023 to 2033, Surpassing US$ 2,021.19 billion by 2033 | Future Market Insights, Inc | Martech Edge | Best News on Marketing and Technology
GFG image
The Enterprise IoT Market has been on a Steady Growth Trajectory, is Anticipated to Rise at a CAGR of 13% from 2023 to 2033, Surpassing US$ 2,021.19 billion by 2033 | Future Market Insights, Inc

technology

The Enterprise IoT Market has been on a Steady Growth Trajectory, is Anticipated to Rise at a CAGR of 13% from 2023 to 2033, Surpassing US$ 2,021.19 billion by 2033 | Future Market Insights, Inc

The Enterprise IoT Market has been on a Steady Growth Trajectory, is Anticipated to Rise at a CAGR of 13% from 2023 to 2033, Surpassing US$ 2,021.19 billion by 2033 | Future Market Insights, Inc

GlobeNewswire

Published on : Jan 25, 2023

As technology advances, so does the enterprise IoT industry. In America specifically, it is predicted to experience an impressive 15+% growth in the coming decade. Numerous businesses and organizations are taking advantage of this powerful tool by investing heavily in its development; understanding that adopting IoT can drastically increase operational efficiency and give them a considerable edge over their rivals.

The enterprise IoT market is anticipated to rise at a CAGR of 13% from 2023 to 2033, surpassing US$ 2021.19 billion by 2033. The market is anticipated to be worth US$ 595.42 billion in 2023.

The enterprise IoT market is driven by several factors such as the increasing adoption of IoT in various industries to improve operational efficiency and reduce costs. The increasing adoption of cloud-based IoT platforms is also expected to drive market growth.

In addition, the growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market. The increasing adoption of enterprise IoT in smart cities and smart homes, as well as IoT-enabled automation in various industries such as manufacturing and transportation, is also expected to drive market growth.

To Get a Sample Copy of the Report Visit@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16550

Another key driver of the enterprise IoT market is the increasing focus on digital transformation across various industries. With the rise of big data and analytics, organizations are looking to leverage IoT technology to gain valuable insights and make data-driven decisions. This is leading to increasing demand for enterprise IoT solutions in various industries such as healthcare, transportation, and manufacturing. Additionally, the growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market.

The increasing adoption of enterprise IoT in emerging technologies such as AI, ML, and big data is also expected to drive market growth during the forecast period. These technologies enable organizations to analyze large amounts of data generated by IoT devices and make data-driven decisions.

The growing demand for enterprise IoT in various industries such as agriculture and energy management is also expected to drive market growth. Government initiatives and regulations to promote the use of energy-efficient equipment are also anticipated to boost the adoption of IoT during the forecast period. These factors are making enterprise IoT an attractive investment opportunity for companies looking to tap into the growing market.

Request Methodology@ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-16550

Key Takeaways from the Enterprise IoT Market:

  • The hardware sector accounted for more than 45% of total revenue in 2022 and is expected to dominate the market over the projected period.
  • During the projected period, the software and solutions category is predicted to grow at the quickest rate, with a CAGR of 15%.
  • The small and medium-sized firm category held the biggest share of 68% in 2022 and is expected to lead the market from 2023 to 2033.
  • Manufacturing held the greatest market share of 26% in 2022.
  • The enterprise IoT industry in the United States is expected to grow at a CAGR of more than 15% between 2023 and 2033.
  • The enterprise IoT industry in the United Kingdom is predicted to grow at a CAGR of 12% between 2023 and 2033.
  • The enterprise IoT industry in Japan is expected to grow at a CAGR of more than 14.5% between 2023 and 2033.
  • The enterprise IoT industry in China is expected to grow at a CAGR of more than 16% between 2023 and 2033.

Who is Winning?

The enterprise IoT market is highly competitive, with a few major players holding a significant market share. Leading companies in the market are increasingly implementing growth strategies such as collaborations, partnerships, and product development & launches to maintain their market position. The market has a high entry barrier, making it difficult for small and medium players to enter. Technological advancements play a major role in driving the market, creating a differentiating factor between new entrants and established players.

  • In October 2021, Cisco Systems, Inc. introduced its first global work index, which utilizes AI and mobile technology and operates on a hybrid model.
  • Siemens AG and PTC Inc. have developed IoT solutions for use in industrial contexts such as manufacturing and transportation.
  • Cisco Systems, Inc. and Bosch have created security solutions for protecting IoT devices and networks from cyber-attacks.

Ask An Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-16550

Key Segments Profiled in the Enterprise IoT Market

By Component:

  • Hardware
  • Software & Solutions
  • Services

By Enterprise Type:

  • Small & Medium Sized Enterprise
  • Large Enterprise

By End-use:

  • Manufacturing
  • Oil & Gas
  • Utilities
  • Transport
  • BFSI
  • IT & Telecomm
  • Healthcare
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

         2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Read the Full Report @ https://www.futuremarketinsights.com/reports/enterprise-iot-market

Explore FMI’s Extensive Coverage in Technology Domain:

Workflow Management Software (WMS) Market Demand: In 2021, the global workflow management software (WMS) market will be worth US$ 5.2 billion. The market for workflow management software (WMS) is expected to reach $71.8 billion by 2032.

Mobile Messaging Market Share: The mobile messaging market was worth $87.5 billion in 2022 and is expected to be worth $284.89 billion by 2030, growing at a 15.9% CAGR through 2032.

Mobile Payment Data Protection Market Size: From 2022 to 2032, the mobile payment data protection market is expected to grow at a CAGR of 12.3%. In 2022, the global mobile payment data protection market was estimated to be worth US$ 603.9 billion.

Case Management Software (CMS) Market Analysis: The global case management software (CMS) market is expected to be worth US$ 6.7 billion in 2022. The market is expected to grow at a robust 9.2% CAGR, pushing the market size to US$ 16.4 billion by 2032.

Mobile Payment Security Market Growth: The mobile payment security market is anticipated to have a prodigious CAGR of 21.5% during the period of 2022-2032. The mobile payment security market is predicted to grow from US$ 1.1 Trillion in 2022 to US$ 7.8 Trillion in 2032.